Construction Management -Study Guide
Questions and 100% Correct Answers | Already
Graded A+
construction management - ✔✔planning, scheduling, evaluating, and controlling
construction tasks in order to minimize cost and maximize owner satisfaction
design-bid-build - ✔✔project delivery method in which the owner hires an A/E to
design, then GC's can bid - selects lowest responsive and responsible bidder - GC has a
lot of risk in this method
responsive - ✔✔bid meets applicable legal requirements and conforms substantially
to owner requirements as stated in the bid docs.
responsible - ✔✔bidder has the technical ability to perform the work based on past
performance, proposed team, etc., able to deliver according to contract schedule, &
sufficient financial resources to perform the contract
design-build - ✔✔project delivery method in which the most qualified and lowest
responsive/responsible design/CM team is selected - non-winning teams may be given a
stipend - faster, but not necessarily cheaper
construction management at risk - ✔✔project delivery method in which the owner
selects a CM for preconstruction services - can then retain that CM or open up for bids,
CM has more risk than owner
two-step procurement - ✔✔a selection process in which the owner selects CM based
on RFQ and RFP
, cost + schedule - ✔✔a selection process in which the owner selects CM based on
formula taking into account bidders proposed cost and schedule
multiple prime - ✔✔a project delivery method in which the owner holds ALL
contracts (A/E, CM, subs, etc.) - CM has little authority
unit price - ✔✔a project delivery method in which the contractor bids a "menu" of
unit prices for given materials, paid based on actual measured quantities, often
combined with lump sum, common in public bid work, owner has more risk
public-private partnership - ✔✔newest delivery method - financing can come
partially or wholly from outside investors, requires a revenue stream to work
guaranteed maximum price - ✔✔a payment structure in which owner and GC
negotiate a guaranteed max price - typical for D/B and CM@R, sometimes a sharing
structure for completion under the GMP
lump sum - ✔✔most common payment structure for public work
planning phase - ✔✔the project phase in which the owner selects a design firm,
creates a program statement of work, property acquisition/zoning, defines budget, and
secures funding
schematic design - ✔✔the ~30% complete design stage
design documents - ✔✔the ~70% complete design stage - can have substages for
50%, 95%, 100% completion of this stage
Questions and 100% Correct Answers | Already
Graded A+
construction management - ✔✔planning, scheduling, evaluating, and controlling
construction tasks in order to minimize cost and maximize owner satisfaction
design-bid-build - ✔✔project delivery method in which the owner hires an A/E to
design, then GC's can bid - selects lowest responsive and responsible bidder - GC has a
lot of risk in this method
responsive - ✔✔bid meets applicable legal requirements and conforms substantially
to owner requirements as stated in the bid docs.
responsible - ✔✔bidder has the technical ability to perform the work based on past
performance, proposed team, etc., able to deliver according to contract schedule, &
sufficient financial resources to perform the contract
design-build - ✔✔project delivery method in which the most qualified and lowest
responsive/responsible design/CM team is selected - non-winning teams may be given a
stipend - faster, but not necessarily cheaper
construction management at risk - ✔✔project delivery method in which the owner
selects a CM for preconstruction services - can then retain that CM or open up for bids,
CM has more risk than owner
two-step procurement - ✔✔a selection process in which the owner selects CM based
on RFQ and RFP
, cost + schedule - ✔✔a selection process in which the owner selects CM based on
formula taking into account bidders proposed cost and schedule
multiple prime - ✔✔a project delivery method in which the owner holds ALL
contracts (A/E, CM, subs, etc.) - CM has little authority
unit price - ✔✔a project delivery method in which the contractor bids a "menu" of
unit prices for given materials, paid based on actual measured quantities, often
combined with lump sum, common in public bid work, owner has more risk
public-private partnership - ✔✔newest delivery method - financing can come
partially or wholly from outside investors, requires a revenue stream to work
guaranteed maximum price - ✔✔a payment structure in which owner and GC
negotiate a guaranteed max price - typical for D/B and CM@R, sometimes a sharing
structure for completion under the GMP
lump sum - ✔✔most common payment structure for public work
planning phase - ✔✔the project phase in which the owner selects a design firm,
creates a program statement of work, property acquisition/zoning, defines budget, and
secures funding
schematic design - ✔✔the ~30% complete design stage
design documents - ✔✔the ~70% complete design stage - can have substages for
50%, 95%, 100% completion of this stage
